Explore the Cranston, RI Real Estate Market
Your Guide to Buying and Selling
Current Market Snapshot
Welcome to Cranston, Rhode Island, the second-largest city in the state and a vibrant place to call home. As of March 2025, the Cranston housing market shows stability and steady growth. The median estimated home value stands at approximately $435,000, reflecting an impressive 4.32% increase over the last 12 months [cite: 7] and nearly 19% over the past 24 months[cite: 5]. The median sales price is currently around $420,000, demonstrating consistent buyer interest[cite: 11]. For sellers, the median list price is hovering near $459,000, showing an 8% rise over the previous year[cite: 12], indicating a potentially favorable market for listing your property. With a good mix of housing stock (median age of 66 years [cite: 280]) and a strong owner-occupancy rate of 67%[cite: 280], Cranston offers diverse opportunities for both buyers looking for their dream home and sellers aiming for a successful transaction. Recent activity shows properties ranging widely in price, from charming starter homes under $400K [cite: 18, 94] to luxurious estates exceeding $1 million[cite: 18, 209], catering to various budgets and lifestyles. New construction homes are also available[cite: 49, 226], offering modern amenities and designs. Understanding these local market trends is key to making informed real estate decisions.
Living in Cranston: Community and Lifestyle
Discover What Makes Cranston Special
Neighborhoods and Amenities
Cranston is more than just houses; it’s a collection of distinct neighborhoods offering diverse lifestyles. From the sought-after areas of Western Cranston[cite: 81, 180], known for spacious properties and newer developments like Camden View [cite: 180] and Alpine Estates[cite: 135, 241], to the charming streets of Edgewood near Pawtuxet Village, or the convenience of areas like Garden Hills [cite: 22] and Dean Estates[cite: 147], there’s a place for everyone. The city boasts a population of roughly 82,600 residents [cite: 298] with a median age of 40[cite: 298], creating a balanced community. Residents enjoy access to excellent amenities, including the popular Garden City Center for shopping and dining[cite: 22, 89], beautiful parks like Roger Williams Park (partially located in Cranston), and numerous local events throughout the year, such as the Gaspee Days celebrations. The average commute time is a manageable 24 minutes[cite: 329], and ongoing infrastructure projects like the Route 37 improvements and Cranston Canyon work aim to enhance connectivity. With a blend of suburban comfort and urban convenience, finding your ideal neighborhood in Cranston is an exciting prospect.
Economic Vitality and Quality of Life
Why Choose Cranston?
Stability and Opportunity
Cranston offers a stable economic environment and a desirable quality of life. The median household income is approximately $87,716[cite: 318], which is higher than the county and national averages, supporting a comfortable lifestyle. The unemployment rate remains relatively low[cite: 318], aligning closely with state and national figures. Major employment sectors include Healthcare, Manufacturing, Retail Trade, and Education, providing diverse job opportunities[cite: 325]. Educational attainment is strong, with nearly 36% of adults holding at least a college degree[cite: 306]. The city is committed to enhancing the quality of life for its residents and encouraging business development. Initiatives like the Community Development Block Grant programs offer assistance for homeowners and first-time buyers. With its blend of strong community ties, economic stability, good schools, convenient location, and diverse Cranston real estate options, the city presents compelling reasons for potential buyers and sellers to invest here. Let us help you navigate the Cranston market effectively.
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